RE: Mutual Fund Results

From: kmealy@juno.com (Keith Mealy)
Subject: RE: Mutual Fund Results
Date: Sun, 20 Sep 1998 20:02:19 -0400

Next Article (by Author): Reaching 70.5 age and IRA/Keogh Plans ldavis@ix.netcom.com (Lynn R Davis)
Previous Article (by Author): Undoing Roth drstone@gsvms2.cc.gasou.edu
Articles sorted by: [Date] [Author] [Subject]

I think the assumption is that some will use these numbers
to pick which funds to buy today.

I saw some interesting numbers presented by a 
mutual fund family that was pitching my company for 401(k)
business.

In 1994, the top quartile mutual funds for the prior 3 years
was selected and followed thru 1997.  For the top quartile
funds, 48% of them were in the top *two* quartiles for the
next three years.  As you may recall, 1994 was not the 
best of years for the market, but the figures indicate that
being in the top quartile funds over 1992-1994 had almost
no correlation with how they performed 1995-1997.

Some say that looking at past performance is like
driving by looking in the rear-view mirror.  Looking at the
last week's or month's performance would then be like
opening the driver's door and looking at the road under the
door.


- ------------------------------
WMAtca@aol.com wisely responded:
There are several sites that publish their list of the "best" mutual
funds,
but what good are they?  

BobWo@aol.com asked:
>  
>  Can anyone tell me if there is a free web site that will list the top
25
>  mutual funds for the prior month and/or for the prior week?  Any help
is
>  appreciated.


_____________________________________________________________________
You don't need to buy Internet access to use free Internet e-mail.
Get completely free e-mail from Juno at http://www.juno.com
Or call Juno at (800) 654-JUNO [654-5866]

- -

Go to Jeff Salisbury LWGate Home Page.